Call Us 800-677-9180 ☰ ˟
Logo
Client Portal Call Us 800-677-9180 to get your personalized insurance quote
  • Our Agency
    • About
    • Our Location
    • Our Carriers
    • Our Reviews
    • Our Staff
  • Products
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Landlords Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Disability Insurance
      • Second-To-Die Policy
    • Health InsuranceImage of right arrow
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Supplemental Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • Prescription Insurance
      • HSAs
    • Cyber Liability Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • E&O
      • Fidelity Bonds
      • General Liability Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Surety Bonds
      • Workers Compensation
    • Coverage for Your EmployeesImage of right arrow
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
  • Get A Quote
    • Auto Insurance
    • Business Insurance
    • Employee Benefits
    • Farm Insurance
    • General Liability Insurance
    • Homeowners Insurance
    • Recreational Vehicle Insurance
  • Resources
    • Refer a friend
    • Important Links
    • Insurance Glossary
    • Privacy Policy
  • Contact
Home > Blog > Is Your Home Insurance Policy Good Enough Right Now
MONDAY, MAY 5, 2025

Is Your Home Insurance Policy Good Enough Right Now

Many times, it is very easy to just allow it to renew, year after year, without looking at it and the details within it. Yet, your home’s needs change. It is important to carefully consider the coverage you have. You also want to be sure you choose a policy that represents your specific risks. These change, too. Here is some insight into what you may need to update.

What Is Your Home’s Value?

You may know the value of your home if you sold it on the open market. However, the cost to rebuild your home is very different. It often tends to be significantly higher.

outside of a home

If you do not have enough home insurance to cover the cost to rebuild your home, that could cost you. You may not be able to rebuild the structure, for example, if the policy does not offer enough money to do so. Talk to a local home builder about the cost to rebuild your home. Your agent can help you determine this, too. Then, they can help you update your coverage as necessary.

What Enhancements Have You Made to the Home?

Another common oversight is knowing what type of enhancements or changes you made to your home over the last few months or years. Here are some that could impact the value of your home insurance policy:

  • Room additions
  • Finishing the basement
  • Adding a bathroom
  • Adding an attached garage
  • Adding an outbuilding
  • Changing the layout of the home

When you make significant changes to the structure of the home, be sure to let your agent know about this. It can make a difference in the coverage your policy has. This impacts the value your coverage needs. It also impacts the risk present for the insurance company.

Know Your Risks, Too

If you add a home security system or you install a new roof, that might help to lower your insurance costs. However, if you add a swimming pool or a hot tub, you could raise the risks. This can increase your needs for higher home insurance coverage.

It is important to look at your policy objectively. You want enough coverage to minimize financial loss should an accident occur. With the right home insurance policy, you do not have to worry about the financial loss if an incident occurs. You know that your home has protection to meet most risks.

Posted 12:33 PM

Tags: home insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021

  • home insurance(12)
  • auto insurance(8)
  • life insurance(5)
  • boat insurance(4)
  • bop insurance(3)
  • cyber liability insurance(2)
  • general liability insurance(2)
  • rv insurance(2)
  • recreational vehicle insurance(2)
  • commercial auto insurance(2)
  • homeowners insurance(1)
  • health insurance(1)
  • umbrella insurance(1)
  • professional liability insurance(1)
  • flood insurance(1)
  • workers compensation insurance(1)
  • classic auto insurance(1)

View Mobile Version
Contact us
800-677-9180 2421 Production Dr, Ste 203 | Indianapolis, IN 46242

At Merritt Hall Insurance, our mission is to help you insure yourself and your belongings at the lowest cost, quickly and easily!

Quick Links
Home Our Products Customer Service Payment Options Report a Claim About Us Our Carriers Partners Blog Contact Us
Location
2421 Production Dr, Ste 203
Indianapolis, IN 46242
Phone: 317-247-7737
Toll-Free: 800-677-9180



Facebook Icon Google Icon


© Copyright. All rights reserved.
Powered by Insurance Website Builder